Only that morning he had erupted in fury after opening his monthly statement at the breakfast table and discovering his losses.

Be sure to review each monthly statement (and its contents) so that you can detect unexplained or unforeseen losses, unauthorized signatures, alterations, and other irregularities.

On the first occasion, the 55-yearold barrister found that a fraudster had used his bank details, which showed up as an odd item on his monthly statement.

The relevant categories of document generated in the ordinary course of the fund's relations with members included a monthly e-mail, contract notes and a monthly statement of account.

It's not ideal for withdrawing cash, however, as interest starts accruing at 18.9% from the moment you take the money, even if you clear your monthly statement in full.